SFGTV: San Francisco Government Television
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Dec 26, 2012
12/12
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SFGTV
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i hope i would be pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of italians as compared to the debt of the government and the companies the ratio is three to one, so it's a matter of redistribution somehow. italians thanks to god are a wealtdy people and the matter is how we can put things into order in our household but definitely italy is a major stable solid economy, and once -- already there are signs of strong improvement. once this crisis is over we will definitely flex the muscles. please. >> [inaudible] are you planning show case any important architects and designers in this year of italian culture? >> definitely. i mean in san francisco there's a wonderful san franc
i hope i would be pervasive just telling you the debt crisis is basically a crisis connected to the governments of the euro system that has hit some countries for some reasons. somewhat we were hit because of the sins of our past. we have been having -- we have had a relatively a sizable but stable debt for a long time, but the point is it's very manageable. we are reducing it pretty fast, very fast indeed, and also to reassure the investors if you put together the net household wealth of...
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Jan 1, 2013
01/13
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LINKTV
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government forces shelling and storming villages. these people have no other option than to go to a no man's land. i have been talking with a refugee who has just returned from those areas. he says the situation is very dramatic, very tragic, no food, no water, no medicine. people are forced to boiled grass to feed their own families. agencies have not been able to reach out to those people because the area remains very dangerous. it is pounded constantly by regime forces. they were talking about hundreds of thousands of people across this whole border area, and there is no way that they can provide assistance to them unless there is a sense of security or at least a no buffer zone so the on voice can reach them. so envoys cane fo reach them. >> a small pro-women rally is planned. a report from hong kong. >> the new year, but the same old problem for hong kong's embattled leader. he has been embroiled in scandal ever since he became chief executive here six months ago. problems stemming to changes made to his luxury home which were t
government forces shelling and storming villages. these people have no other option than to go to a no man's land. i have been talking with a refugee who has just returned from those areas. he says the situation is very dramatic, very tragic, no food, no water, no medicine. people are forced to boiled grass to feed their own families. agencies have not been able to reach out to those people because the area remains very dangerous. it is pounded constantly by regime forces. they were talking...
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Dec 24, 2012
12/12
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LINKTV
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the government should resign. we will intensify the protest until the government take appropriate actions against the police. we are even ready to sacrifice our lives. >> tourism officials say that's fighters smashed four of the mausoleums in timbuktu on friday. they believe that they are blasphemous to islam. it is the latest response to a u.n. resolution calling for international intervention to remove the rebels from northern mali. they said that they have raided a hijacked ship had rescued 22 hostages. 123 people are still being held by somali pirates. keeping and italians in suspense for weeks, outgoing prime minister mario monti has ruled out running in february's election. he said that he would consider running the government in the future. we have this from rome. >> available to lead italy again, if needed. on sunday, italy's former prime minister mario monti announced his plans after his resignation. >> i am not joining any specific party, but i would like the parties to take home these ideas. these ideas
the government should resign. we will intensify the protest until the government take appropriate actions against the police. we are even ready to sacrifice our lives. >> tourism officials say that's fighters smashed four of the mausoleums in timbuktu on friday. they believe that they are blasphemous to islam. it is the latest response to a u.n. resolution calling for international intervention to remove the rebels from northern mali. they said that they have raided a hijacked ship had...
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hedge fund managers rating agencies governments to local government and they commit acts of fraud and terrorism and they're lauded as being somehow trustworthy and by the way u.b.s. ripped off our good friend slax miser. they did it was a very dodgy deal there but they're saying here now there's a confusion amongst the likes of jeremy warner in the telegraph there's a confusion by a certain property developer here in soho about whether or not they're engaged in any sort of criminal activity now u.b.s. this settlement is for the swiss bank the u.s. bank and in japan and they cite for example that there was a broker in japan who was apparently open in admitting his crimes anyway in his emails on september eighteenth two thousand and eight he explained to a broker who was submitting the libeler bid he said quote if you keep sixes i.e. the six month japanese libel rate unchanged today i will do one humongous deal with you like a fifty thousand buck deal whatever i need you to keep it as low as possible if you do that i'll pay you you know fifty thousand dollars one hundred thousand dollar
hedge fund managers rating agencies governments to local government and they commit acts of fraud and terrorism and they're lauded as being somehow trustworthy and by the way u.b.s. ripped off our good friend slax miser. they did it was a very dodgy deal there but they're saying here now there's a confusion amongst the likes of jeremy warner in the telegraph there's a confusion by a certain property developer here in soho about whether or not they're engaged in any sort of criminal activity now...
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Dec 25, 2012
12/12
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MSNBCW
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fearing widespread disease, the government orders all bodies removed from the city. >> you had excavators picking up the body and dumping them into dump trucks. and they were taken outside the city and put in mass graves. this is something i could never have imagined. >> light of day reveals more tragedy as the team drives to their first search location. >> in full daylight you could see the scale. people everywhere. in open spaces. it was a city in ruins. >> one of port-au-prince's largest supermarkets has collapsed with an estimated 100 people inside. a venezuelan rescue team is already on site. >> i had been tunnelling all night. making tunnels to try to get to the victims. >> relatives have gathered nearby, hoping for word of missing family members. >> the families, they sent the trucks and all the equipment. now they feel like there's hope. >> the venezuelans have located two women, but can't break through the dense concrete. >> we got too tired to keep drills with our hands. >> there's more people alive. >> i'm sure. there must be. >> using isar's heavy equipment, the rescue teams a
fearing widespread disease, the government orders all bodies removed from the city. >> you had excavators picking up the body and dumping them into dump trucks. and they were taken outside the city and put in mass graves. this is something i could never have imagined. >> light of day reveals more tragedy as the team drives to their first search location. >> in full daylight you could see the scale. people everywhere. in open spaces. it was a city in ruins. >> one of...
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Dec 25, 2012
12/12
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FBC
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next big government bailout this time. the federal housing administration heading toward collapse t could cost taxpayers billions. we'll get to that and so much more "money" coming up! stay with us. melissa: we are back now with "money"'s executive roundtable. jim amos, chairman of tasty delight and plan net smoothie. catherine monson from fast signs and jamie of white castle. catherine, you were talk about afraid to speak out and customers or groups that support them. fred smith is doing that exactly the opposite in my opinion. he is a been in my opinion a champion of free enterprise in the past. he says there is lot of mythology in washington. going on the vast majority of jobs in the united states are produced by capital investment, business and software, not small business. it is done by big business. he is trying to make the point there's a lot of mythology in washington about rising taxes, eliminating jobs and it is just not the case. i don't, catherine, do you believe he believes this? and, or do you think he is say
next big government bailout this time. the federal housing administration heading toward collapse t could cost taxpayers billions. we'll get to that and so much more "money" coming up! stay with us. melissa: we are back now with "money"'s executive roundtable. jim amos, chairman of tasty delight and plan net smoothie. catherine monson from fast signs and jamie of white castle. catherine, you were talk about afraid to speak out and customers or groups that support them. fred...
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Dec 29, 2012
12/12
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CSPAN2
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he said only -- those that on the contrary to government. the origins of this kind of a monopoly capitalism go back right to the very beginning of the country. >> the system does some of its sharpest analysts and critics have always understood, is full of contradictions. it is important that i be understood not to be arguing because i don't believe it. this is a system, for example, the likes to call one-dimensional. somehow solve its problems and presented a united face that cannot be overcome, that cannot be tracked at the system, not so well defended that any hope of changing it is delusional. and a bully the for one minute. this is as simple of all kinds of problems that it cannot solve , and it is patently obvious. i already mentioned one. it does not want these crises. these are kinds of trouble. in times of crisis people are asking questions which gives opportunity for people like me to offer unusual answers. this is not useful. it's very important. another example. the worst conceivable thing from the republican party and george bush
he said only -- those that on the contrary to government. the origins of this kind of a monopoly capitalism go back right to the very beginning of the country. >> the system does some of its sharpest analysts and critics have always understood, is full of contradictions. it is important that i be understood not to be arguing because i don't believe it. this is a system, for example, the likes to call one-dimensional. somehow solve its problems and presented a united face that cannot be...
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Dec 29, 2012
12/12
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KQED
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they said to control it, to govern the italians is not difficult. it is impossible so in a situation like that, would have been impossible to control anything anything. so i left. >> so you left. >> and then i became a free bird. >> and how did that feel? >> fantastic. that was fantastic. i had been music director all my life, since 1968. london fill harmonia, philadelphia orchestra after-- lascala, 19 years and so after so many years of hard work, not only artistically, musically but about all the other things that-- a good and honest music director has to take care of, i worked so hard that suddenly i felt i, you know, light. i have to do only music when i want, where i want, and how i want. i was-- i felt like a bird as i said before. and that was the period when the new york philharmonic asked me to become the music director. i did several concerts, many concerts with the new york philharmonic, beautiful concerts. i admire those musicians. i think that they are very good. and i have wonderful memories. so when i asked to become music director i
they said to control it, to govern the italians is not difficult. it is impossible so in a situation like that, would have been impossible to control anything anything. so i left. >> so you left. >> and then i became a free bird. >> and how did that feel? >> fantastic. that was fantastic. i had been music director all my life, since 1968. london fill harmonia, philadelphia orchestra after-- lascala, 19 years and so after so many years of hard work, not only artistically,...
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Dec 26, 2012
12/12
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FBC
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not giving them to the government to feed the beast that keeps spending and spending our money. instead they're allowed to hang onto a small portion of their profits. >> that is actually not really accurate. there have been numbers of studies, most recently from the organisation for economic co-operation and development but also last year we saw a bill proposed in congress from senator sanders and representative elliso, all of which identify over $10 billion annually that are going to the fossil fuel industry in subsidies. melissa: but you say hard-earned dollars. congress doesn't have any money. they don't have money to give the money they have is my money taken from me. it is companies money they have paid in. it is tax revenue. exxon is hanging on to earnings, rather these are deductions rather than sending even more tax dollars they're paying less tax based on investments they're making. you're calling those things subsidies. that is not congress's money that is exxon's money hanging on to but they'r not taking money back. they're hanging onto the money they have earned. do
not giving them to the government to feed the beast that keeps spending and spending our money. instead they're allowed to hang onto a small portion of their profits. >> that is actually not really accurate. there have been numbers of studies, most recently from the organisation for economic co-operation and development but also last year we saw a bill proposed in congress from senator sanders and representative elliso, all of which identify over $10 billion annually that are going to the...
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Dec 25, 2012
12/12
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KQED
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people want a strong action from -- from thent's government. until then, they are prepared to keep the heat on. >> a delay until tuesday. the constitution in egypt was supposed to be passed, but now, the electoral commission says they will be looking at allegations of irregularities in the voting process. we were sent this report from cairo. >> egypt, on the brink of a new era. for weeks now, this country has been gripped by political turmoil. there is a lot at stake. egyptians have been waiting on a new constitution, and an early tally says more than 60% voted yes, but the result is not official yet. the guests of voters cannot get a victory for morsi and his supporters, and they say it will help egypt get back on track. >> there was not any blood spilled. the egyptian should be happy that it was approved. >> but it is very controversial. in the run-up to the referendum, of violent clashes broke out at the presidential palace in cairo. critics fear the charter could give islamists too much power. some are worried they will not be protected, an
people want a strong action from -- from thent's government. until then, they are prepared to keep the heat on. >> a delay until tuesday. the constitution in egypt was supposed to be passed, but now, the electoral commission says they will be looking at allegations of irregularities in the voting process. we were sent this report from cairo. >> egypt, on the brink of a new era. for weeks now, this country has been gripped by political turmoil. there is a lot at stake. egyptians have...
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Jan 1, 2013
01/13
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CSPAN2
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government in the wake of 9/11. when, for example, president bush appointed of course in advertising executive and then a political spinmeister to run the public diplomacy section at the state department that i think we are too caught up at that point in thinking of public diplomacy as a way to sell brand america essentially and get people to love the united states. i don't think that's really the point of this. because i don't think that while it's nice to be popular, i would certainly hope everybody would love america as much as possible, i don't think that's the key to victory in the struggle. i think the key to victory is really empowering the forces of moderation over the forces of extremism and violence in the muslim world, and their attitude towards the united states are often accompanied by what they stand on the political spectrum with moderates being much more open to alliance and cooperation of the united states than the radicals. but i don't think the united states is necessary the key to the story. it's
government in the wake of 9/11. when, for example, president bush appointed of course in advertising executive and then a political spinmeister to run the public diplomacy section at the state department that i think we are too caught up at that point in thinking of public diplomacy as a way to sell brand america essentially and get people to love the united states. i don't think that's really the point of this. because i don't think that while it's nice to be popular, i would certainly hope...
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Dec 31, 2012
12/12
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CSPAN2
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neither the spanish government, nobody from the spanish government noticed a nobody reported to the embassy, said the next day i watched until franco went by and then i came out of ken and cruised back into the line. it was a great moment, which i enjoyed very, very much. so that gives you a sense of what's in this book in general and how i like to focus on the two stories. and by the way, i will take any kind of questions that you'd like to ask me later on and they can be in spanish, too if you prefer. okay, the martin luther king story. i had happened to mention to the ambassador that i've written my m.a. thesis, my masters thesis on a montgomery bus boycott which first brought martin turow's attention. we all remember that event. and this is why what happened happened because i forget the context, but i'd mention this to him. so that morning, and sitting there and i am reading and like the other spanish newspapers, they tend to be published in tablet form. and on the cover is a picture of martin luther king that the pope paul the sixth. and i'm reading and it says that it's her married t
neither the spanish government, nobody from the spanish government noticed a nobody reported to the embassy, said the next day i watched until franco went by and then i came out of ken and cruised back into the line. it was a great moment, which i enjoyed very, very much. so that gives you a sense of what's in this book in general and how i like to focus on the two stories. and by the way, i will take any kind of questions that you'd like to ask me later on and they can be in spanish, too if...
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Dec 24, 2012
12/12
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CNBC
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no government can boast of having done so. the reforms that i haven't completed are the judicial, fiscal and political reforms. it is a mess, the use of the money that the publioliticians . these are the things that have rightly taken italians away from this political class and the policy. there are other reforms in our agenda. we will succeed if one can make the country able to compete with other western democracies. all this will be possible only if we will set the instrument of government that i mentioned before. >> and that was the former italian prime minister sylvia berlusconi speaking to andrea cabrini. with christmas less than a day away, parents everywhere have been facing the daunting task of buying their children presents. i bought presents for a 4-year-old and a 7-year-old boy. i had no clue what i was doing. >> so brave going into a store before christmas to buy children's presents. >> it was fantastic. they're friends' boys, but we made paper planes from like 6:00 a.m. in the morning throughout the day. >> i'm he
no government can boast of having done so. the reforms that i haven't completed are the judicial, fiscal and political reforms. it is a mess, the use of the money that the publioliticians . these are the things that have rightly taken italians away from this political class and the policy. there are other reforms in our agenda. we will succeed if one can make the country able to compete with other western democracies. all this will be possible only if we will set the instrument of government...
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Jan 1, 2013
01/13
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WTTG
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getting governments in multinational corporations to agree is another matter. dug mcelway, fox news. >>> a big sports star in d.c. announces he is ready to tie the knot. >> oh, my gosh. >> we'll tell you who is officially off the market. >> wait. so he is off the market. >> i was trying to give them hope. >> it's okay. you didn't write t hear what head coach mike asian-pacific hand is saying about sunday's big win as the team looks ahead to sunday's game against the seahawks. we'll be right back. i'm amazed you make so many great flavors that are gluten free. my guys are crazy for chocolate chex and honey nut chex. for me, it's cinnamon. it means a lot to be able to give them something that's good for them, that also puts smiles on their faces. 'cause i really love those smiles. we're the harris family. and we love chex. [ male announcer ] love chex? connect with us on facebook. >>> the redskins have lots of ropes to celebrate the new year. they are focused on sunday's wild card game against seattle but they are still reveling in victory especially head coach m
getting governments in multinational corporations to agree is another matter. dug mcelway, fox news. >>> a big sports star in d.c. announces he is ready to tie the knot. >> oh, my gosh. >> we'll tell you who is officially off the market. >> wait. so he is off the market. >> i was trying to give them hope. >> it's okay. you didn't write t hear what head coach mike asian-pacific hand is saying about sunday's big win as the team looks ahead to sunday's game...
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Dec 29, 2012
12/12
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MSNBCW
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why should the government do that? >> there is deep concern about this idea, actually a lot of fear. but the problem is, people felt that a very short period was a good idea because it goes back to the public. the gift was supposed to be the public. after just 14 years. and then after 28 years if you re-upped. now it's life plus 70, which is essentially endless and there's no fair use left as far as we can be tell. the ability of the second innovator, second actor to use this infrastructure and freeflow of information has been been sharply cut back. we've handed a series to autocratic players who are using technical commands to fulfill their own business desires and it's not good for our economy or the future of innovation in american. >> sole the basic idea to get people the ability to make a living as an innovator. you can make a living a as an innovator. >> actually, the basic idea was to get more stuff to the public if you gave an incentive. >> because then you can could devote yourself to giving new ideas and crea
why should the government do that? >> there is deep concern about this idea, actually a lot of fear. but the problem is, people felt that a very short period was a good idea because it goes back to the public. the gift was supposed to be the public. after just 14 years. and then after 28 years if you re-upped. now it's life plus 70, which is essentially endless and there's no fair use left as far as we can be tell. the ability of the second innovator, second actor to use this...
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Dec 27, 2012
12/12
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CNBC
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government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly, when you look at 2013, the outlook for that to continue looks recently good. >> well, sure. and the other thing we'll look forward to is the number on jobless claims. they were back to their prehurricane level suggesting that the labor market hasn't fallen out of bed. there will be an interesting announcement coming out of the irs sometime between now and the end of the year which will be very important. they're going to give guidance to employers on what will be the tax withholding rates for 2013. under the laws, those with
government. >> so true. we also can look at the difference and say, well, maybe holiday discretionary spending wasn't as strong, but retail spending generally held up okay. maybe not the best sign tore some of the retailers, back up not a reason to completely lose faith in the u.s. consumer. we should point out this disparity we've seen where capital spending, goods for new capital orders have been weak and retail sales have been relatively strong. labor income has held up okay. frankly,...
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Dec 31, 2012
12/12
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CNBC
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to govern, i'm a pretty practical guy. and i just want to make sure that things work and one of the nice things about never having another election again, i will never campaign again, is, you know, i think you can rest assured that all i care about is making sure that i leave mind an america that is more stable, more secure than it was when i came into office and that's going to continue to drive me. and i think that the sh we're dealing with right now in the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal, left wing agenda. it used to be considered a mainstream agenda. and it's something we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is ancation of, you know, how far certain factions inside the republican party have gone where they can't even accept what used to be centrist mainstream positions on these issues. i'm an optimi
to govern, i'm a pretty practical guy. and i just want to make sure that things work and one of the nice things about never having another election again, i will never campaign again, is, you know, i think you can rest assured that all i care about is making sure that i leave mind an america that is more stable, more secure than it was when i came into office and that's going to continue to drive me. and i think that the sh we're dealing with right now in the fiscal cliff is a prime example of...
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121
Dec 31, 2012
12/12
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FBC
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more interested in expanding the role of government. not getting to something that makes more sense long term. you have this huge philosophical divide. we're going to postpone it, do this mini deal now, but quite frankly it's going to be ugly in the future. cheryl: listen to the president yesterday meet the press. that divide is larger than ever. that was very apparent yesterday. thank you. appreciate the perspective today >> my pleasure. cheryl: happy new year. a : new year's day. much colder in most parts of the country. we will show you what to expect and the big business behind this holiday. back on the big man show. first we go to break. oil a little bit stronger, but not much. same kind of trading next. cheryl: we are less than 12 hours away from the new year on the east coast. look at these live pictures of times where right now. a beautiful day outside, very cold, windy day at side. who else is joining me right now from the box is weather center with what we can expect from tonight's big weather forecast. happy new year, janice.
more interested in expanding the role of government. not getting to something that makes more sense long term. you have this huge philosophical divide. we're going to postpone it, do this mini deal now, but quite frankly it's going to be ugly in the future. cheryl: listen to the president yesterday meet the press. that divide is larger than ever. that was very apparent yesterday. thank you. appreciate the perspective today >> my pleasure. cheryl: happy new year. a : new year's day. much...
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Jan 1, 2013
01/13
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CSPAN
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eye 104
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that is the weight you hold governments accountable -- that is the way you hold governments accountable. these marginal interventions are not going to create economic growth. we know how to create jobs. we know trade is better than aid. get rid of your policy and get rid of those problems and then we can talk about economic growth. >> taking very much. >> and look at the future of social media. jeff jarvis talks about threats to free speech and is joined by amanda palmer. this broadcast contains certain language that some viewers may find offensive. it is 30 minutes. >> there is wifi at the event. it should log on to the nyu guest account. the password is right there for you. the next session is about social media. we will talk about the use of social media with the rise of facebook and twitter. we have two wonderful guests. we will hear some brushback on some of the wisdom about social media. first we'll hear from jeff jarvis, author of "what would it google do?" jeff, please join us on the stage and give us your prediction. >> predictions are necessarily bullshit. the title of social
that is the weight you hold governments accountable -- that is the way you hold governments accountable. these marginal interventions are not going to create economic growth. we know how to create jobs. we know trade is better than aid. get rid of your policy and get rid of those problems and then we can talk about economic growth. >> taking very much. >> and look at the future of social media. jeff jarvis talks about threats to free speech and is joined by amanda palmer. this...
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Dec 28, 2012
12/12
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CNBC
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government bonds still have a role. government bonds with credit on top if you like. so we were one of the first private banks to buy ultra long corporate bonds normally held by pension funds reflecting the fact that you have above average risk premiums and potential risk correlation. so that's attractive. an area that's really suffered, ctas. >> ctas? >> ctas really suffered. >> what are ctas? >> commodity trading advisers is what they're short of. it's a style of hedge fund management and it did very well in '08 and '01 or '2. they've struggled for a couple of years. but still importantly they still have a negative correlation. >> i'm just wondering what happens with the cliff impact on gold. you know, if we find the cliff solution, if we find a mediocre solution, if we find no solution, are we going to see a huge swing in the price of gold? >> well, gold has a safe haven role. it has had a safe haven role just like other assets that you mentioned that could be hemgs against equity movements such as these safe haven bonds such as german ones, u.s. ones, maybe japane
government bonds still have a role. government bonds with credit on top if you like. so we were one of the first private banks to buy ultra long corporate bonds normally held by pension funds reflecting the fact that you have above average risk premiums and potential risk correlation. so that's attractive. an area that's really suffered, ctas. >> ctas? >> ctas really suffered. >> what are ctas? >> commodity trading advisers is what they're short of. it's a style of hedge...
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Dec 24, 2012
12/12
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CNNW
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governments cut social programs to save money. it was meant to help and hurt by spreading the recession. here's richard quest in london. >> reporter: suzanne, the story of europe in 2012 was very much the austerity, the gut-wrenching, grinding austerity. some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more aust
governments cut social programs to save money. it was meant to help and hurt by spreading the recession. here's richard quest in london. >> reporter: suzanne, the story of europe in 2012 was very much the austerity, the gut-wrenching, grinding austerity. some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as...
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Dec 28, 2012
12/12
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FOXNEWSW
tv
eye 235
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we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >> s&p has been up. all other markets have pretty much been up on the year. do you think people who are checking their 401(k)s and what not, the pension plans, they don't really appreciate perhaps the gravity of what is about to hit them? >> no, they don't. most people surprisingly when you ask them how well they have done with their 401(k), they think they have done terrible but when they open their statements at end of the year they will be pleasantly surprised. one of the thing people have they have been scared and on the sideline. people making money a
we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >>...
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Dec 28, 2012
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that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-loathing hater. i don't hate the 2%. >> hey, joe, before we go, you mentioned -- you heard jimmy talking about the decider. that made me think of 4-3. but my heart and mind are with 41 and you worked for him. do you know anything? >> nothing new. we're just keeping him in our prayers.
that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to...
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Dec 24, 2012
12/12
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that's governing from fear. as opposed to governing from leadership. and somebody else on a show one day said a lot of these republicans really believe, this is what they really, really believe in. that's great. but at some point one side or the other, and in fact both, are going to have to give a little. >> kiki, i would be -- i would think you would be sensitive to talking about leadership. i mean, when you say that, you don't hear irony? that's the -- maybe it's just the other side, the republicans talking about president obama, but, you in the last six, the last five years, have you seen a president that comes together and leads both? >> yeah. >> you have? >> have you, tony? >> i've seen a president who went out and campaigned on a certain series of things that he believed were important for the country and that he wanted to do, and he went and he pursued them. and that's leadership. >> he's pursuing them. but i think everybody's pursuing what they have to pursue. you've been listening to us for the last few months. i think we've been saying that t
that's governing from fear. as opposed to governing from leadership. and somebody else on a show one day said a lot of these republicans really believe, this is what they really, really believe in. that's great. but at some point one side or the other, and in fact both, are going to have to give a little. >> kiki, i would be -- i would think you would be sensitive to talking about leadership. i mean, when you say that, you don't hear irony? that's the -- maybe it's just the other side,...
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Dec 24, 2012
12/12
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>> well, this is a disaster for state and local units of government. the first order of effect is that the cost of infrastructure becomes much, much higher. costs of financing go up. the availability of investors declines. interest rates rise for municipal issuers. and so what happens to all that higher tax-exempt interest cost that issuers have to bear? it's ultimately borne by the taxpayer themselves. so really, this is just a transference of the taxes and subsidy back onto the shoulders of the regular property tax and income taxpayer at the local level. >> wow. a lot to keep track of. chris, thanks for giving us your thoughts this morning. >> thank yhankery much. >>> gas prices at the lowest level we've seen in more than a year. what does 2013 hold for energy. find out after the break. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your
>> well, this is a disaster for state and local units of government. the first order of effect is that the cost of infrastructure becomes much, much higher. costs of financing go up. the availability of investors declines. interest rates rise for municipal issuers. and so what happens to all that higher tax-exempt interest cost that issuers have to bear? it's ultimately borne by the taxpayer themselves. so really, this is just a transference of the taxes and subsidy back onto the...